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by the end of the month. as susan mcginnis reports, the pentagon is already slashing military costs. >>> reporter: the uss truman was scheduled to pull out of norfolk, virginia tomorrow to head to the persian gulf but wednesday afternoon word came that truman will stay in port in order to save money. >> playing the waiting game pretty much. it's not very nice not knowing when we're pulling out. >> reporter: the pentagon is cutting u.s. aircraft carriers' presence overseas ahead of $55 billion in budget cuts that kick in march 1. >> this is not a game. >> reporter: outgoing defense secretary leon panetta says congress' inability to find a way to avoid the cuts has endangered america's security. >> these steps would seriously damage a fragile american economy and they would degrade our ability to respond to crises precisely at a time of rising instability across the road. >> reporter: the idea is that the budget cuts would be so objectionable here on capitol hill that congress would agree on an alternative. that has proven to be easier said than don
strikes targeting americans who work with al qaeda overseas. >>> the pentagon is reducing the number of aircraft carriers in the persian gulf to one from two. the defense department made that announcement yesterday as deep automatic spending cuts loom for defense and domestic programs here. those cuts will kick in at the beginning of next month. and unless congress agrees to an alternate budget plan before then. defense secretary leon panetta says severe military cuts would harm the nation's security and the economy. >> we will furlough as many as 800,000 department of defense civilians around the country for up to 22 days. they could face a 20% cut in their salary. you don't think that's going to impact or economy? >> some economists estimated a march 1 sequestration could result in up to a million people losing their jobs. >>> today some house democrats are set to unveil their plans to curb gun violence. the 15 proposals are said to be similar to those proposed by the obama administration, including background checks on all gun purchases and bans
to work. secretary of defense at the pentagon. >>> u.s. senator chuck hagel has just been sworn in as the new secretary of defense at the pentagon. the bitter seven-week fight over his nomination ended yesterday as the senate voted 58-41 to confirm him. hagel is a republican, but he got the votes of only 4 republican senators. many in the gop feel he is hostile towards israel and a little too soft on iran. and, of course, takes over for leon panetta, who is a california guy. going back to the monterey area to do something that we all hope to do someday. >> what's that? >> retire! [ laughter ] >> yes. good for him. he has had a busy four years. >> not anytime soon. somebody who is very busy this morning is elizabeth, still tracking that water main break in san francisco. >> yeah. what we have confirmed is that 15th and wawona that intersection is definitely shut down. you have to see these pictures from the scene. it's pretty incredible stuff, cars completely submerged in five feet of water. this is a huge water main break. i haven't see
% to the pentagon, 5% to domestic agencies operating budgets. >>> president obama will meet today with japanese prime minister shinzo abay. they will be discussing the north korea nuclear threat. the united states and japan have a security alliance that dates back decades now. the two leaders will also talk about trade and other economic issues. >>> united airlines will keep boeing 787s grounded until june. boeing will go to the faa today with plans to fix the plane's battery problems. the 787 dreamliner has been grounded since two incidents last month. the japanese investigators say they found an oil leak caused by an improper paint job that disabled a switch. they are still looking into the battery issues. >>> hewlett-packard's latest report shows better-than- expected results. hp profits fell 16% in the latest quarter but that was better than wall street and even hp expected. ceo meg whitman said it may take several years before the company is on solid ground again. hp's revenue has dropped for six consecutive quarters compared to the previous year. >>>
in at the pentagon this morning as the new secretary of defense. the bitter seven week fight over his nomination ended yesterday as the senate voted 58-41 to confirm him. hagel by the way is a republican. but he got the votes of only 4 republican senators. many in the gop feel he is hostile towards israel and too soft on iran. >>> another swearing-in ceremony set right here in san francisco. that's for the two women who will assume new leadership roles in the government. mayor ed lee has appointed katie tan go. as the city's newest supervisor and replaces carmen chiu who is the new assessor recorder. both will be sworn in at their new posts later this morning. >>> and public safety and job creation in oakland will be highlighted in the state of the city address. jean quan is expected to highlight the city gaining 5,000 jobs over the last year as well as the booming housing market in oakland. she delivers her second annual address at city hall at 7:00. >>> wall street apparently liked what ben bernanke has to say about the economy. stocks rallied after the fed
as the sequester. so ironically, if the president is going to discuss job creation, the pentagon is planning to cut 800,000 civilian worker hours by 20% and homeland security is about to slash a quarter of its total border agents. so really opposing ideas being introduced at the same time. >> is it possible the sequester won't happen? >> reporter: the president has been talking about the negative impact of this sequester and economists agree. they say these cuts will shave a .5% from growth thisser y that's significant. we are only growing by 2 to 2.5% but this is a hard part about debt reduction. figuring out how to dig out of the hole which would come at the expense of growth. >> how does the public weigh in on how to do that? >> reporter: we want it all not surprisingly. in a recent poll people say strengthening the economy and improving the jobs situation should be the top priority for the white house and congress. right? that was the same as four years ago. but reducing the budget deficit is moved up significantly on the public agenda. if you look at
senator out of nebraska sworn in just a short time ago at the pentagon. bitter seven-week fight though over his nomination finally ended yesterday as the senate voted 58-41 to confirm little. hagel by the way is a republican. but he got the votes of only 4 republican senators. many in the gop feel he is hostile towards israel and soft on iran. but he will take over as secretary of defense. >>> it's time now -- time now is 6:40. why a legendary beer company is accused of misleading its customers, coming up. >> attack of the tumbleweeds. how long it will take to clean up this mess of tumbleweeds. >> the marketed opened up 10 minutes ahe do. let's check the early numbers here. so far, not too bad. we are going to get an update from kcbs radio's financial reporter jason brooks. (woman) 3 days of walking to give a breast cancer survivor a lifetime-- that's definitely a fair trade. it was such a beautiful experience. (jessica lee) ♪ and it's beautiful ♪ (woman) why walk 60 miles in the boldest breast cancer event in history? because your efforts help ko
Search Results 0 to 6 of about 7